Week Ahead: US Fed, Bank of Japan to Dominate Market Moves This Week

June 13, 2016 Share Print 0

Two key central bank decisions sit at the top of investors’ radar this week, after renewed global growth concerns saw U.S. stocks sell off on Friday while benchmark yields fell to record lows.

The U.S. Federal Open Market Committee begins its two-day meeting on June 14. Expectations for a summer rate hike were drastically reduced when a sharply lower-than-expected May nonfarm payroll number cast fresh doubts over the health of the U.S. economy.

In the build-up to the June meeting, many Fed officials had made dovish comments. Following the dismal jobs report, Fed chair Janet Yellen spoke at an event in Philadelphia last Monday, where she struck a generally positive tone on the U.S. economy and insisted that the Fed needed to raise rates. She stepped back, however, from putting a time frame.

CNBC

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.